Synopsys Inc (SNPS)
Fixed asset turnover
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,127,440 | 5,842,620 | 5,081,540 | 4,204,190 | 3,685,280 |
| Property, plant and equipment | US$ in thousands | 563,006 | 549,837 | 483,300 | 472,398 | 483,818 |
| Fixed asset turnover | 10.88 | 10.63 | 10.51 | 8.90 | 7.62 |
October 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $6,127,440K ÷ $563,006K
= 10.88
The fixed asset turnover ratio for Synopsys Inc has shown a consistent upward trend over the past five years, increasing from 7.62 in 2020 to 10.88 in 2024. This indicates that the company has been able to generate more revenue relative to its investment in fixed assets.
A higher fixed asset turnover ratio suggests that Synopsys Inc is using its fixed assets more efficiently to generate sales. This can be a positive sign of operational efficiency and effective asset utilization within the company.
Overall, the increasing trend in the fixed asset turnover ratio reflects positively on Synopsys Inc's ability to generate revenue from its fixed assets, signaling potential strength in the company's operations and asset management strategies.
Peer comparison
Oct 31, 2024